Mittal Sections Ltd
Incorporated in 2009, Mittal Sections Ltd is in the business of manufacturing and selling of Structural Steel products.[1]
- Market Cap ₹ 27.8 Cr.
- Current Price ₹ 24.0
- High / Low ₹ 72.2 / 22.6
- Stock P/E 8.02
- Book Value ₹ 50.2
- Dividend Yield 0.00 %
- ROCE 12.8 %
- ROE 10.2 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.48 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 10.9% over past five years.
- Debtor days have increased from 28.4 to 45.7 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Iron & Steel Products
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 89 | 149 | 167 | 161 | 137 | 149 | |
| 87 | 146 | 164 | 156 | 129 | 141 | |
| Operating Profit | 2 | 3 | 3 | 5 | 7 | 8 |
| OPM % | 1.8% | 2.0% | 1.9% | 3.3% | 5% | 5% |
| 0 | 0 | 0 | 0 | 0 | 1 | |
| Interest | 2 | 1 | 2 | 2 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | -1 | 1 | 1 | 3 | 5 | 5 |
| Tax % | -26% | 25% | 26% | 27% | 30% | 32% |
| -1 | 1 | 1 | 2 | 3 | 3 | |
| EPS in Rs | -0.77 | 0.76 | 0.71 | 2.39 | 4.37 | 2.99 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | -4% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 46% |
| 3 Years: | 89% |
| TTM: | 1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -68% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 18% |
| Last Year: | 10% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 8 | 12 |
| Reserves | 1 | 2 | 2 | 4 | 2 | 46 |
| 18 | 14 | 20 | 15 | 21 | 25 | |
| 5 | 14 | 8 | 7 | 14 | 16 | |
| Total Liabilities | 27 | 32 | 33 | 29 | 45 | 99 |
| 8 | 8 | 8 | 8 | 7 | 7 | |
| CWIP | 0 | 0 | 0 | 0 | 4 | 20 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 19 | 24 | 25 | 21 | 34 | 72 | |
| Total Assets | 27 | 32 | 33 | 29 | 45 | 99 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -3 | 7 | -4 | 7 | 0 | -6 | |
| -0 | -1 | -1 | -0 | -4 | -37 | |
| 3 | -6 | 5 | -7 | 4 | 46 | |
| Net Cash Flow | -0 | -0 | -0 | 0 | 0 | 3 |
| Free Cash Flow | -3 | 6 | -5 | 7 | -5 | -23 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -164% | 222% | -136% | 142% | 13% | -64% |
Ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 24 | 17 | 18 | 12 | 28 | 46 |
| Inventory Days | 40 | 34 | 29 | 16 | 19 | 34 |
| Days Payable | 23 | 37 | 16 | 13 | 34 | 36 |
| Cash Conversion Cycle | 41 | 14 | 31 | 15 | 13 | 44 |
| Working Capital Days | 8 | 4 | 9 | 8 | -4 | 22 |
| ROCE % | 11% | 11% | 19% | 25% | 13% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Capacity Utilization % |
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| Gujarat Revenue Concentration % |
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| Installed Capacity MTPA |
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| MS Angle Share of Revenue % |
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| MS Channel Share of Revenue % |
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| MS Rect Bars & Square Bar Share of Revenue % |
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| Production Volume MT |
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| Top 10 Customer Revenue Concentration % |
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Extracted by Screener AI
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Submitted Regulation 74(5) certificate for quarter ended 30 September 2026; no rematerialisation requests received.
- Closure of Trading Window
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Shareholder Meeting / Postal Ballot-Outcome of AGM
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- We are enclosing herewith clipping of Newspaper advertisement for 17th Annual General Meeting of the company published on 25th August, 2026.
Business Overview:[1][2][3]
MSL is an Ahmedabad-based company that specializes in the production and trading of precision engineered Iron and Mild Steel sections and structural steel products, including MS flat bars, MS round bars, MS channels, MS angles, and pipes